S&P Global to Release US PMIs for November

The upcoming S&P Global preliminary PMIs for November are expected to show stability, indicating a continued expansion of the US economy, driven mainly by the services sector as manufacturing contracts. Goldman Sachs forecasts a GDP growth of 2.5% in 2025, surpassing the consensus of 1.9%, with reduced recession fears and inflation trending towards 2%. While President-elect Trump's policies may challenge renewable energy growth, experts believe the sector will maintain momentum due to existing projects and investments. The University of Michigan's economic outlook predicts modest job growth, driven by interest rate cuts and tax adjustments, despite uncertainties surrounding new policies. Fifth Third Bank's chief investment strategist expresses optimism for continued economic growth in 2024 and 2025, with the unemployment rate remaining below 5%. Overall, the economic landscape appears cautiously positive, although disparities in consumer sentiment remain evident.